Alibaba’s financial services unit Ant Financial has invested RMB2.06 billion (US$321 million) in bike sharing firm Hellobike, valuing the latter at US$1.47 billion and giving birth to a new unicorn company in China, according to Shanghai-listed Yonou Bike’s security filing. In October 2017, Youon Low Carbon Technology, a dockless bike-sharing subsidiary of docked public bike operator Youon Bike, acquired 100% shares of bike sharing firm Hellobike. Post the deal, Youon Low Carbon Technology and Hellobike merge the two firms operations to …

Ant Financial Invests $321M In Hellobike At $1.47 Billion, Creating A New Unicorn In China appeared first on China Money Network.